Midwest Manufacturing Output Increased in September
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.0% in September, to a seasonally adjusted level of 82.3 (2002 = 100). Revised data show the index rose 1.6% in August, to 81.6. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was also up 1.0% in September. Regional output in September declined 15.7% from a year earlier, and national output decreased 7.2%.